Good piece in The American Prospect on the aspects of deregulation, or lack of regulation, of the financial sector that contributed to the current meltdown.
For example, #2 talks about the lack of conflict of interest regulations for securities rating organizations. Most people have never read a regulation and don't understand what they are, what they do or how they are created. Conflict of interest regulations in the securities arena are common, and meant to protect potential share purchasers from bad faith representations. I think if people knew a little more about "regulation" then reactionary anti-regulatory rhetoric that casts all "regulation" as bad wouldn't be so effective.
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